$BTC It experienced a sharp decline along with the entire market. It has reached 60,000, which we have considered an important level for a long time. At this level, the strengthening of buyers could at least bring a correction in the form of a rise.

Still, on daily and 4-hour charts, the RSI is in the oversold zone. This also increases the likelihood that the downward momentum will diminish.

If candles with long wicks continue to form below, a rise could occur. The first resistance during the upward move will be 67,500. If it stays above that, we will monitor the 74,000-75,000 resistance levels.
However, as long as there is no persistence above the 74,569 peak, the possibility of further decline remains.
In deep declines, we are closer to the 60,000 level we are watching; this level must be maintained.
Otherwise, the decline could deepen further. The price could continue falling toward the support levels of 55,000-50,000.
If the upward trend continues, we will also monitor the resistance levels at 74,569-82,885-98,000-109,000-107,000. If it reaches the 109,000-107,000 zone, this will be an important resistance.